Multiemployer Pension Plan Application To Reduce Benefits, 35316 [2018-15888]
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Federal Register / Vol. 83, No. 143 / Wednesday, July 25, 2018 / Notices
materials, will be made available to the
public. Do not include any personally
identifiable information (such as your
Social Security number, name, address,
or other contact information) or any
other information in your comment or
supporting materials that you do not
want publicly disclosed. Treasury will
make comments available for public
inspection and copying on
www.regulations.gov or upon request.
Comments posted on the internet can be
retrieved by most internet search
engines.
Dated: July 18, 2018.
David Kautter,
Assistant Secretary for Tax Policy.
For
information regarding the application
from the Local 807 Labor-Management
Pension Plan, please contact Treasury at
(202) 622–1534 (not a toll-free number).
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
MPRA
amended the Internal Revenue Code to
permit a multiemployer plan that is
projected to have insufficient funds to
reduce pension benefits payable to
participants and beneficiaries if certain
conditions are satisfied. In order to
reduce benefits, the plan sponsor is
required to submit an application to the
Secretary of the Treasury, which must
be approved or denied in consultation
with the Pension Benefit Guaranty
Corporation (PBGC) and the Department
of Labor.
On June 29, 2018, the Board of
Trustees of the Local 807 LaborManagement Pension Plan submitted an
application for approval to reduce
benefits under the plan. As required by
MPRA, that application has been
published on Treasury’s website at
https://www.treasury.gov/services/
Pages/Plan-Applications.aspx. Treasury
is publishing this notice in the Federal
Register, in consultation with PBGC and
the Department of Labor, to solicit
public comments on all aspects of the
Local 807 Labor-Management Pension
Plan application.
Comments are requested from
interested parties, including
participants and beneficiaries, employee
organizations, and contributing
employers of the Local 807 LaborManagement Pension Plan.
Consideration will be given to any
comments that are timely received by
Treasury.
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SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
18:50 Jul 24, 2018
Jkt 244001
[FR Doc. 2018–15886 Filed 7–24–18; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Multiemployer Pension Plan
Application To Reduce Benefits
Department of the Treasury.
Notice of availability; request
for comments.
AGENCY:
ACTION:
The Board of Trustees of the
Mid-Jersey Trucking Industry and Local
No. 701 Pension Fund, a multiemployer
pension plan, has submitted an
application to reduce benefits under the
plan in accordance with the
Multiemployer Pension Reform Act of
2014 (MPRA). The purpose of this
notice is to announce that the
application submitted by the Board of
Trustees of the Mid-Jersey Trucking
Industry and Local No. 701 Pension
Fund has been published on the website
of the Department of the Treasury
(Treasury), and to request public
comments on the application from
interested parties, including
participants and beneficiaries, employee
organizations, and contributing
employers of the Mid-Jersey Trucking
Industry and Local No. 701 Pension
Fund.
DATES: Comments must be received by
September 10, 2018.
ADDRESSES: You may submit comments
electronically through the Federal
eRulemaking Portal at https://
www.regulations.gov, in accordance
with the instructions on that site.
Electronic submissions through
www.regulations.gov are encouraged.
Comments may also be mailed to the
Department of the Treasury, MPRA
Office, 1500 Pennsylvania Avenue NW,
Room 1224, Washington, DC 20220,
Attn: Danielle Norris. Comments sent
via facsimile or email will not be
accepted.
Additional Instructions. All
comments received, including
attachments and other supporting
materials, will be made available to the
public. Do not include any personally
identifiable information (such as your
Social Security number, name, address,
or other contact information) or any
PO 00000
Frm 00115
Fmt 4703
Sfmt 9990
other information in your comment or
supporting materials that you do not
want publicly disclosed. Treasury will
make comments available for public
inspection and copying on
www.regulations.gov or upon request.
Comments posted on the internet can be
retrieved by most internet search
engines.
For
information regarding the application
from the Mid-Jersey Trucking Industry
and Local No. 701 Pension Fund, please
contact Treasury at (202) 622–1534 (not
a toll-free number).
FOR FURTHER INFORMATION CONTACT:
MPRA
amended the Internal Revenue Code to
permit a multiemployer plan that is
projected to have insufficient funds to
reduce pension benefits payable to
participants and beneficiaries if certain
conditions are satisfied. In order to
reduce benefits, the plan sponsor is
required to submit an application to the
Secretary of the Treasury, which must
be approved or denied in consultation
with the Pension Benefit Guaranty
Corporation (PBGC) and the Department
of Labor.
On June 27, 2018, the Board of
Trustees of the Mid-Jersey Trucking
Industry and Local No. 701 Pension
Fund submitted an application for
approval to reduce benefits under the
plan. As required by MPRA, that
application has been published on
Treasury’s website at https://
www.treasury.gov/services/Pages/PlanApplications.aspx. Treasury is
publishing this notice in the Federal
Register, in consultation with PBGC and
the Department of Labor, to solicit
public comments on all aspects of the
Mid-Jersey Trucking Industry and Local
No. 701 Pension Fund application.
Comments are requested from
interested parties, including
participants and beneficiaries, employee
organizations, and contributing
employers of the Mid-Jersey Trucking
Industry and Local No. 701 Pension
Fund. Consideration will be given to
any comments that are timely received
by Treasury.
SUPPLEMENTARY INFORMATION:
Dated: July 18, 2018.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2018–15888 Filed 7–24–18; 8:45 am]
BILLING CODE 4810–25–P
E:\FR\FM\25JYN1.SGM
25JYN1
]]>Agencies
[Federal Register Volume 83, Number 143 (Wednesday, July 25, 2018)]
[Notices]
[Page 35316]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-15888]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Multiemployer Pension Plan Application To Reduce Benefits
AGENCY: Department of the Treasury.
ACTION: Notice of availability; request for comments.
-----------------------------------------------------------------------
SUMMARY: The Board of Trustees of the Mid-Jersey Trucking Industry and
Local No. 701 Pension Fund, a multiemployer pension plan, has submitted
an application to reduce benefits under the plan in accordance with the
Multiemployer Pension Reform Act of 2014 (MPRA). The purpose of this
notice is to announce that the application submitted by the Board of
Trustees of the Mid-Jersey Trucking Industry and Local No. 701 Pension
Fund has been published on the website of the Department of the
Treasury (Treasury), and to request public comments on the application
from interested parties, including participants and beneficiaries,
employee organizations, and contributing employers of the Mid-Jersey
Trucking Industry and Local No. 701 Pension Fund.
DATES: Comments must be received by September 10, 2018.
ADDRESSES: You may submit comments electronically through the Federal
eRulemaking Portal at https://www.regulations.gov, in accordance with
the instructions on that site. Electronic submissions through
www.regulations.gov are encouraged.
Comments may also be mailed to the Department of the Treasury, MPRA
Office, 1500 Pennsylvania Avenue NW, Room 1224, Washington, DC 20220,
Attn: Danielle Norris. Comments sent via facsimile or email will not be
accepted.
Additional Instructions. All comments received, including
attachments and other supporting materials, will be made available to
the public. Do not include any personally identifiable information
(such as your Social Security number, name, address, or other contact
information) or any other information in your comment or supporting
materials that you do not want publicly disclosed. Treasury will make
comments available for public inspection and copying on
www.regulations.gov or upon request. Comments posted on the internet
can be retrieved by most internet search engines.
FOR FURTHER INFORMATION CONTACT: For information regarding the
application from the Mid-Jersey Trucking Industry and Local No. 701
Pension Fund, please contact Treasury at (202) 622-1534 (not a toll-
free number).
SUPPLEMENTARY INFORMATION: MPRA amended the Internal Revenue Code to
permit a multiemployer plan that is projected to have insufficient
funds to reduce pension benefits payable to participants and
beneficiaries if certain conditions are satisfied. In order to reduce
benefits, the plan sponsor is required to submit an application to the
Secretary of the Treasury, which must be approved or denied in
consultation with the Pension Benefit Guaranty Corporation (PBGC) and
the Department of Labor.
On June 27, 2018, the Board of Trustees of the Mid-Jersey Trucking
Industry and Local No. 701 Pension Fund submitted an application for
approval to reduce benefits under the plan. As required by MPRA, that
application has been published on Treasury's website at https://www.treasury.gov/services/Pages/Plan-Applications.aspx. Treasury is
publishing this notice in the Federal Register, in consultation with
PBGC and the Department of Labor, to solicit public comments on all
aspects of the Mid-Jersey Trucking Industry and Local No. 701 Pension
Fund application.
Comments are requested from interested parties, including
participants and beneficiaries, employee organizations, and
contributing employers of the Mid-Jersey Trucking Industry and Local
No. 701 Pension Fund. Consideration will be given to any comments that
are timely received by Treasury.
Dated: July 18, 2018.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2018-15888 Filed 7-24-18; 8:45 am]
BILLING CODE 4810-25-P
